SBS: savings in cooperatives will only be protected from 2025

SBS: savings in cooperatives will only be protected from 2025

The Cooperative Deposit Insurance Fund will cover up to S/10,000.

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The Superintendency of Banking, Insurance and AFP (SBS) reported that from 2025 savings coverage in the Cooperative Deposit Insurance Fund (FSDC) will govern for those who bet on these entities.

Through resolution SBS 00925-2024, the SBS modified the FSDC regulations and determined that savings and credit cooperatives (Coopac) must comply with the payment of premiums to access coverage. They eliminated the requirement to be up to date in the presentation of their financial statements.

According to the SBS, a maximum of up to S/5,000 will be protected for Coopac levels 1 and 2 with total assets less than or equal to 32,200 UIT.

Meanwhile, for those at levels 3 and 2 with total assets greater than 32,200 UIT, the limit is S/10,000.

Likewise, from January 1 of next year, cooperatives will have to provide relevant information to the Risk Central.

ABOUT THE AUTHOR:

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Trained at the Jaime Bausate y Meza University. In constant learning. Economics is the branch of journalism closest to the people and my duty is to be a bridge to information.

Source: Larepublica

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